The global deficit of sugar would help India to increase sugar export to 7.5 million tonnes (MT) during the ongoing 2021-22 season, up by 15.38 per cent, compared to last year.
According to the Indian Sugar Mills Association (ISMA), it is reported that over 60 lakh tonnes of export contracts have already been entered into so far. Out of that, about 42 lakh tonnes is estimated to have been physically exported till end of February, 2022. Another 12-13 lakh tons of sugar are expected to be exported in March 2022, taking the total to 54-55 lakh tons of physical exports by then. This was also discussed in the meeting of ISMA. Considering recent ISO report indicating a global deficit of around 1.93 million tons for 2021-22 SS (October – September) and interest of exporters to buy more Indian sugar, ISMA members agreed that sugar exports will be higher than previously expected, and India will export 75 lakh tonnes of sugar in the current season, as against 60 lakh tonnes estimated earlier.
